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New Market Tax credits, EB-5 program highlighted in Congressional visit

The Greater Cleveland Partnership (GCP), Cleveland Development Advisors (CDA) and the Cleveland International Fund hosted Congresswoman Marcia L. Fudge (D-OH-11) and her staff last week for a tour of New Market Tax Credits (NMTC) and EB-5 projects in downtown Cleveland and the Tremont neighborhood.

The GCP has actively and successfully lobbied on behalf of CDA for New Market Tax Credits allocations, including four allocation awards totaling $105 million.  

The GCP and CDA are currently advocating for a fifth, multimillion-dollar allocation, which is expected to be awarded this summer, as well as re-authorization of the NMTC program.

Business volunteers wanted for CMSD advisory boards

GCP s assisting the Cleveland Metropolitan School District in reaching out to the business community seeking volunteers for new advisory boards at Collinwood High School and and R.G. Jones (pre-K through 8) School.

Advisory board members can help with providing “real world” internship, business input into the curriculum, fundraising and more.

For more information, email Shana Marbury or call 216.592.2249.

Joe Roman on WTAM

Observations on voters’ approval of Issue 7, the "sin tax" that extends the small tax on cigarettes and alcohol for the next 15-20 years to protect benefits from the public’s investment in the public-owned sports facilities in Cuyahoga County.

Passage is in sync with Cleveland's positive economic momentum and ensures that our pro sports facilities will be maintained. Click here to listen.

Resurgence for the middle market in 2014

The first quarter of 2014 marked a resurgence in growth for the U.S. middle market, according to the 1Q 2014 Middle Market Indicator report released last week by the National Center for the Middle Market.

According to the Indicator’s findings, middle-market companies reported a year-over-year increase in revenue growth for the past 12 months and added workers to the payroll. Click to view or download the report.